MightySunfish

MightySunfish

Pair has been in a long term uptrend, price has retraced from a previous high and now is a good time to get on board for the long haul.

MightySunfish

Bearish pattern emerging on the hourly chart. Likely to retrace to previous bottoms after ranging and testing support level for best part of the day.

MightySunfish

Taking levels from the D1/H1 charts and zooming down to the 15M we can see a small breakaway trend that has stalled signalling a possible reversal. Get in quick and take a trade with a comfortable RR of 2.4.

MightySunfish

This is the alternative stop level I mentioned in my previous trade.

MightySunfish

The currency is ranging on the hourly which provides an opportunity for us to look at smaller time frames for trading set ups. We have seen the recent uptrend stall and the bulls appear to be weakening, providing us with a excellent opportunity to get in for s SHORT position and ride it down to the bottom of the range. Trade as specified provides a 2:1 Risk reward...

MightySunfish

We are at a ooooooold support level from 2003, but if it doesn't hold we are on our way down to the mid low 60s. At the moment it is about picking your right entry point and going for the ride. Trading off the daily, I would wait for a pull back to the .72500 level then enter short with a stop set to .74000